Lithopolis, Fairfield County, Ohio Property Taxes
Median Lithopolis, OH effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Lithopolis, OH home value: $268,095
Median annual Lithopolis, OH tax bill: $3,671, $1,271 higher than the national median property tax bill of $2,400.
How are property taxes in Fairfield calculated?
Property taxes in Lithopolis, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lithopolis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lithopolis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lithopolis, Fairfield County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.78%
Estimate Property Tax Bill
$7,679
$7,126
Property Tax Rates Across Lithopolis, Fairfield County, Ohio
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county calculates its necessary budget for services and divides this by the total value of all taxable property within its area. This process establishes the property tax rate. While setting tax rates and budgets involves votes and laws, this is the basic annual procedure.
In Lithopolis, located in Fairfield County, Ohio, the effective property tax rate can be compared to other cities within the state and the national average. Ohio's median property tax rate is notably higher than the national median, reflecting the unique budgeting needs and property values within the state. Lithopolis, like other cities in Ohio, contributes to these figures, illustrating the diversity of tax rates across the region. By understanding these differences, property owners can better navigate their financial responsibilities and explore potential savings through appeals or exemptions. Comparing Lithopolis's tax rate with the national and state medians provides valuable insights for homeowners seeking to manage their property tax obligations effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lithopolis Tax Rate
2.78%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fairfield County Tax Rate
3.15%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lithopolis, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43136 | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Lithopolis, Fairfield County, Ohio
When examining property taxes in Lithopolis, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fairfield County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Fairfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lithopolis. For example, the median home price in Lithopolis is $268,095, with tax bills ranging significantly across the county. Zip code 43136 has the highest median home price at $268,095.
Property Tax Assessment Values Across Lithopolis, Fairfield County, Ohio
Source: Ownwell
$125,030
$243,905
$362,780
Median Lithopolis Market Value
$276,240
Median Fairfield County Market Value
$224,125
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lithopolis, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43136 | $151,006 | $226,060 | $276,240 | $313,430 | $355,092 |
Source: Ownwell
Property Tax Bills Across Lithopolis, Fairfield County, Ohio
In Lithopolis, located in Fairfield County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $268,095. Homeowners in Lithopolis often face a property tax bill higher than the national median of $2,400, with the 25th percentile at $2,563 and the 75th percentile reaching $4,468. Factors influencing these tax bills include local government budgets and the specific tax rate set by the county. For homeowners, these taxes can significantly impact monthly expenses, making it crucial to ensure their property is assessed fairly.
Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially leading to significant savings. By analyzing market data and assessment records, Ownwell identifies discrepancies and assists in filing appeals, ensuring homeowners only pay their fair share. This service not only reduces financial strain but also provides peace of mind, knowing that property taxes align with the true value of the home.
Median Lithopolis Tax Bill
$7,710
Median Fairfield County Tax Bill
$7,068
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Lithopolis, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43136 | $4,243 | $6,288 | $7,710 | $8,748 | $9,900 |
Source: Ownwell